Your support helps us to tell the story
As your White House correspondent, I ask the tough questions and seek the answers that matter.
Your support enables me to be in the room, pressing for transparency and accountability. Without your contributions, we wouldn't have the resources to challenge those in power.
Your donation makes it possible for us to keep doing this important work, keeping you informed every step of the way to the November election
Andrew Feinberg
White House Correspondent
Japan's central bank has pumped an extra ¥10 trillion (£73bn) into its spluttering economy as policymakers pledged to review the nation's inflation target in the wake of Shinzo Abe's landslide election victory.
The Bank of Japan loosened policy for the third time in four months after official figures showed the world's third-biggest economy slipping back into recession.
Masaaki Shirakawa, the governor of the Bank of Japan (left), said yesterday that it would debate next month whether to adopt a new 2 per cent inflation target, double the current 1 per cent benchmark.
Efforts to stimulate the economy have sent the yen sliding against the dollar in recent weeks, pushing the Nikkei stock average past the 10,000 mark.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments